MaxAB gets an extra $15M, acquires YC-backed Moroccan startup WaystoCap

by RJ Shara | Aug 25, 2021 | Startups

Last month, MaxAB, the Egyptian B2B e-commerce platform that serves food and grocery retailers, raised one of the biggest Series A on the continent, to the tune of $40 million. Today, it has actually raised a $15 million extension from existing investors — — RMBV, IFC, Flourish Ventures, Crystal Stream Capital, Increase Capital, Endeavour Catalyst, Beco Capital […] Niama El Bassunie co-founded WaystoCap with Mehdi Daoui, Anis Abdeddine and Aziz Jaouhari Tissafi in 2015. That service design got WaystoCap into Y Combinator’s Winter season batch in 2017, making it the first business accepted from Morocco. Both business agreed to work together rather than complete with each other. El Bassunie will take over the position as the managing director at MaxAB Morocco. …